Welcome to our dedicated page for Futu Holdings news (Ticker: FUTU), a resource for investors and traders seeking the latest updates and insights on Futu Holdings stock.
Futu Holdings Limited (Nasdaq: FUTU) operates a leading digital brokerage platform transforming global investing through its Futubull and moomoo ecosystems. This news hub provides investors with centralized access to official announcements, market developments, and strategic updates impacting this fintech innovator.
Discover timely updates on earnings reports, regulatory filings, product launches, and partnership agreements. Our curated feed ensures equal access to operational milestones and financial disclosures for both retail and institutional investors.
Key coverage areas include quarterly results analysis, platform feature enhancements, international expansion plans, and leadership updates. All content maintains strict editorial neutrality while prioritizing factual accuracy and regulatory compliance.
Bookmark this page for streamlined monitoring of FUTU's market position within the competitive online brokerage sector. Return regularly to track how the company's technology-driven approach continues reshaping wealth management accessibility across global markets.
Futu Holdings (Nasdaq: FUTU), a tech-driven online brokerage and wealth management platform, announced that its subsidiary, Futu Securities International (Hong Kong) , has upgraded its Type 1 license. Granted by the Hong Kong Securities and Futures Commission (SFC), this upgrade allows Futu Securities to offer virtual asset dealing services to retail and professional investors in Hong Kong. This development aims to expand Futu's service offerings and enhance its market position in the rapidly growing virtual asset sector.
Futu Holdings, a tech-driven online brokerage and wealth management platform, announced that its wealth management business has surpassed $10 billion in assets under management (AUM). The company offers mutual funds, private funds, bonds, and structured notes to clients in Hong Kong and Singapore. Additionally, its subsidiary, Moomoo Securities Malaysia, has received approval for Institutional UTS Adviser (IUTA) registration from the Federation of Investment Managers Malaysia to distribute wealth management products in Malaysia.
Futu Holdings, a tech-driven online brokerage and wealth management platform, announced a HKD440 million investment in Gravitation Fintech HK , the parent company of Airstar Bank.
This investment makes Futu the second largest beneficial owner with an indirect 44.11% stake in Airstar Bank.
Futu Holdings announced its unaudited financial results for Q1 2024, showcasing a 3.7% year-over-year revenue increase to HK$2,592.5 million. The company's paying clients surged by 23.5% to 1.89 million. However, net income saw a decline of 13.1% to HK$1,035.1 million, and gross profit dropped by 3.9% to HK$2,122.2 million. Trading volume rose by 9.5% year-over-year to HK$1.3 trillion. Despite higher costs, Futu achieved a 6.0% increase in daily average client assets to HK$480 billion and a notable 72.8% year-over-year growth in wealth management assets to HK$64.0 billion. CEO Leaf Hua Li cited strong market performance and new market expansion as key growth drivers.
Futu Holdings (Nasdaq: FUTU), a tech-driven online brokerage and wealth management platform, will announce its Q1 2024 financial results before U.S. markets open on May 28, 2024.
An earnings conference call will be held on the same day at 7:30 AM U.S. Eastern Time (7:30 PM Beijing/Hong Kong Time).
Participants must pre-register via a provided link to receive dial-in numbers and personal PINs.
A live and archived webcast of the call will be available on Futu's investor relations website.
Futu Holdings announced that its moomoo app has reached one million downloads in Japan. Moomoo started offering U.S. stock trading in September 2023 and Japanese stock trading in Japan in March 2024. Futu's subsidiary, Moomoo Securities Japan Co., , holds the FIBO license in Japan and is a member of various financial associations.
